Mortgage and Financial News From 2008-1-22 Page 2

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• Dogs, cats latest victims of subprime-mortgage mess

  Chicago Tribune - ... Labrador retriever and a shiba inu -- wound up there a few days ago, when their owners, facing the loss of their home ... from year-earlier levels -- one for every 196 homes, according to RealtyTrac, an Irvine, Calif., company that tracks mortgage ...
  2008-01-22 10:12:00

• Investors of All Ages, Take a Deep Breath

  Washington Post - The good news is, you should see lower interest rates on student loans, credit cards, home-equity lines of credit and some mortgages. But keep in mind that the subprime mortgage meltdown has produced a tighter credit market. That means you will need ...
  2008-01-22 09:08:00

• Federal Home Loan Bank of San Francisco Announces Board of Directors ...

  Forbes - The Federal Home Loan Bank of San Francisco Board of Directors has selected James F. Burr to fill an open position on the Board effective today. Mr. Burr is Executive Vice President and Corporate Treasurer of Wachovia Mortgage, FSB, North Las Vegas ...
  2008-01-22 02:41:00

• A foreclosure-free option

  Boston Globe - A community land trust combines the best features of home ownership - control, predictability in mortgage costs, inheritability, and wealth creation - with protection against runaway gentrification. Ownership of the house, which stays with the ...
  2008-01-22 09:22:00

• Asian Central Banks May Cut Rates, Defer Increases on Fed Move

  Bloomberg - Goldman Sachs Group Inc., Morgan Stanley and Merrill Lynch & Co. are forecasting that the U.S. will slip into recession this year for the first time since 2001 amid fallout from the subprime mortgage crisis. The Bank of Japan will ...
  2008-01-22 10:05:00

• It could be the right time to refinance

  Austin American-Statesman - Home mortgage rates aren't tied to rates set by the Federal Reserve Board. But a slowing economy already has tempered mortgage rates, and the Fed's dramatic action Tuesday caused some homeowners to question whether it's the right time to refinance ...
  2008-01-22 08:39:00

• Lower mortgage rates alone won't revive the ailing real estate sector

  Boston Globe - Don't look for the Federal Reserve's rate cut to revive the housing market. Mortgage rates already sit near historic lows. But larger forces are aligned against a revival: Falling home prices, tighter lending standards, and rising unemployment all ...
  2008-01-22 09:58:00

• Fed Move Has Economists Worried About Inflation - New York Sun

  Fed Move Has Economists Worried About InflationNew York Sun, NY - 38 minutes ago... to the senior vice president of Preferred Empire Mortgage Company, Jeffrey Appel. "For folks with home equity loans, this is terrific news," he said. ...
  2008-01-22 10:22:16

• The Coming Financial Collapse of America - American Chronicle

  The Coming Financial Collapse of AmericaAmerican Chronicle, CA - 37 minutes agoOwn your home. Instead of moving to a larger home when you qualify for loans, work to pay off your existing home mortgage and own your home outright. ...
  2008-01-22 10:23:35

• Clients advised to hold steady - Myrtle Beach Sun News

  Clients advised to hold steadyMyrtle Beach Sun News, SC - 33 minutes ago"This rate cut should help borrowers, especially ones with commercial loans tied to variable rates, consumers with home equity lines of credit and variable ...
  2008-01-22 10:27:22

• Fall in MB home prices forecast - Myrtle Beach Sun News

  Fall in MB home prices forecastMyrtle Beach Sun News, SC - 33 minutes agoThere's a 56 percent chance home prices in the Myrtle Beach area will be lower in two years, according to the winter 2008 report from PMI Mortgage Insurance ...
  2008-01-22 10:27:22

• Market unrest: Concern, not panic reflected in GI - Grand Island Independent

  Market unrest: Concern, not panic reflected in GIGrand Island Independent, NE - 28 minutes agoHe described Grand Island's economy as strong and not touched by some of the concerns happening in other parts of the country, such as housing mortgage ...
  2008-01-22 10:32:06

• Judge blisters Harris County DA over Medina case - Houston Chronicle

  Judge blisters Harris County DA over Medina caseHouston Chronicle, United States - 26 minutes agoIn all, Wallace ruled that the Medina indictments, plus more than 30 others in an unrelated mortgage fraud case, are now null and void. ...
  2008-01-22 10:33:44

• How you may be affected by the Fed's rate-cut - Houston Chronicle

  How you may be affected by the Fed's rate-cutHouston Chronicle, United States - 26 minutes agoBy PURVA PATEL Consumers shopping for a mortgage may find it a little easier now to buy a home, but those invested in CDs may eventually feel squeezed. ...
  2008-01-22 10:33:46

• Dow's loss of 128 turns out to be a relief - Houston Chronicle

  Dow's loss of 128 turns out to be a reliefHouston Chronicle, United States - 26 minutes agoThese firms, led by MBIA and Ambac, have been under a cloud because they have insured billions of dollars of securities backed by risky home mortgages, ...
  2008-01-22 10:33:47

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